Corporate Short-term Financing Bonds And The Impact Of China's Capital Market

After introducing the concept of short term financing bonds, the article elaborates short term financing bonds' influence on China's capital market from three sides.Firstly, the article reviews the development of China's bonds market, pinots out its achievements and also its problems. The problems result in the phenomena of "stock market beings strong and bond market weak, national debt market being strong and enterprise bond market weak" in China's capital market".Secondly, the articles explain the background under which People's Bank of China authorized the issue of short term financing bonds. In this section, the features of short term financing bonds are introduced.Thirdly, the article elaborates short term financing bond's influence on capital market. And suggestions about short term financing bond's future development are brought out at last.